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desktop pricing:   https://turbotax.intuit.com/desktop-pricing/   online pricing:    https://turbotax.intuit.com/personal-taxes/online/
IRS Pub 544 states that a capital gain or loss occurs when the transaction is completed. Since your transaction will not be completed until 2026 the earnest money which is part of that transaction sh... See more...
IRS Pub 544 states that a capital gain or loss occurs when the transaction is completed. Since your transaction will not be completed until 2026 the earnest money which is part of that transaction should be part of the capital gain calculation. 
@user17630568333 wrote: From what I have read, we pay taxes in the year we gained control of the money and we received $50k of the Earnest Money in 2025 so would pay taxes on that portion in 202... See more...
@user17630568333 wrote: From what I have read, we pay taxes in the year we gained control of the money and we received $50k of the Earnest Money in 2025 so would pay taxes on that portion in 2025 even though we will receive more and close in 2026. I agree with @Bsch4477 , this should be treated as part of the sale in 2026.   While the rule of "constructive receipt" does exist, applying it to this situation can be complicated.  Under your sales contract, do you keep the money even if the buyer defaults?  Then it might be your income now.  But if you would be required to return a portion or all of the money if the sale falls through, then it is not your money yet.  And if the sale is contingent, it can be even more complicated.  (For example, you keep the money if the buyer backs out for no reason, but you return the money if the sale fails to close because of a failure to pass some required inspection or other unforeseen problem--in that case, is it really your money now?  Probably not.)   If you really do want to report this as income in 2025, then you should see a good tax accountant.  There could be some issues with splitting the transaction.  
@rkoops64 wrote: ......their business software (which I need because I file a 1041 on a trust) includes all the stuff to file my normal 1040 return.... You know what? That is a great feature an... See more...
@rkoops64 wrote: ......their business software (which I need because I file a 1041 on a trust) includes all the stuff to file my normal 1040 return.... You know what? That is a great feature and one which customers have asked Intuit to incorporate into TurboTax home products.....for YEARS. Obviously, they've never done it.   Regardless, if you need (or want) to enter donations throughout the tax year, no other DIY income tax prep software does that (i.e., as does/did ItsDeductible). However, you can use one of the new third-party programs such as Deductible Duck.
I too have been a turbo tax customer for 20+ years and because of them once again killing itsdeductible, I decided to check out H&R block.      Seems H&R block has this tool build into there softwa... See more...
I too have been a turbo tax customer for 20+ years and because of them once again killing itsdeductible, I decided to check out H&R block.      Seems H&R block has this tool build into there software!  Also, their business software (which I need because I file a 1041 on a trust) includes all the stuff to file my normal 1040 return.  I don't have to buy two versions of the software.     Sorry TurboTax, you lost another long term customer.   ron
You will most likely be better off, if you're going to buy now, heading over to Amazon since the price of the desktop versions are currently deeply discounted.   https://www.amazon.com/s?k=turbotax... See more...
You will most likely be better off, if you're going to buy now, heading over to Amazon since the price of the desktop versions are currently deeply discounted.   https://www.amazon.com/s?k=turbotax&crid=KT1AK2O10HJN&sprefix=turbotax%2Caps%2C114&ref=nb_sb_noss_1
@kshk1970 wrote: ........ add  a 128GB SSD with Win11.......Amazon sells a power "switchboard" with 4 buttons that control power to 4 SATA drives.... By the time one does all that (assuming a... See more...
@kshk1970 wrote: ........ add  a 128GB SSD with Win11.......Amazon sells a power "switchboard" with 4 buttons that control power to 4 SATA drives.... By the time one does all that (assuming a user has the knowledge re how to install a card or the device in a bay in the desktop box), they would probably be better off just buying a cheap laptop, with W11 installed, during a Black Friday sale.
From what I have read, we pay taxes in the year we gained control of the money and we received $50k of the Earnest Money in 2025 so would pay taxes on that portion in 2025 even though we will receive... See more...
From what I have read, we pay taxes in the year we gained control of the money and we received $50k of the Earnest Money in 2025 so would pay taxes on that portion in 2025 even though we will receive more and close in 2026.
Based on the information entered on my federal return via Turbotax, the NY ADJUSTED GROSS INCOME is 13,500 more than the NY AGI computed by NYS. The various other state deductions, state taxable inco... See more...
Based on the information entered on my federal return via Turbotax, the NY ADJUSTED GROSS INCOME is 13,500 more than the NY AGI computed by NYS. The various other state deductions, state taxable income, state income tax and total overpayment computed by NYS are less than these amounts calculated by Turbotax.  Why?
I just received an email letting me know I can buy Desktop and save $10. That email also seems to want me to go online with Turbotax, with special offers starting a month from now, very likely after ... See more...
I just received an email letting me know I can buy Desktop and save $10. That email also seems to want me to go online with Turbotax, with special offers starting a month from now, very likely after the $10 discount disappears.    I head for Turbotax online and I cannot find anything that indicates what my price would be if I do my taxes online, with or without any discount.    How can I compare the pricing of Turbotax online vs desktop?  
I saw someone comment on a somewhat similar question that the Ernest Money needs to be claimed in the year we gained control of the money. We deposited the $50k in 2025 and will be reported to the IR... See more...
I saw someone comment on a somewhat similar question that the Ernest Money needs to be claimed in the year we gained control of the money. We deposited the $50k in 2025 and will be reported to the IRS as a deposit into our personal account in 2025. 
And to clarify , if needed, I am in Washington State. Thank you
The earnest money is part of the sale to occur in 2026 and as part of that transaction will be treated as part of your capital gains for 2026. 
We have sold some land (we have owned for longer than a year) that will close in 2026. We accepted and gained control of $50,000 Ernest Money in 2025. My question is if this Ernest Money needs to be ... See more...
We have sold some land (we have owned for longer than a year) that will close in 2026. We accepted and gained control of $50,000 Ernest Money in 2025. My question is if this Ernest Money needs to be claimed as "additional income" or can it fall under "Capital Gains" and that particular amount only, be taxed at the appropriate Capital Gains Rate of 15% for our income tier. Thank you.
And you have to take your RMD out before you convert any to a ROTH.   Did you already take your 2025 RMD?  Before you made any conversions to ROTH?  
I’d sent in a question (see below) re Turbotax giving me a “read only message” after downloading  on my Mac andOpus 17 had kindly made the time to respond so thank you very much for that. I think I f... See more...
I’d sent in a question (see below) re Turbotax giving me a “read only message” after downloading  on my Mac andOpus 17 had kindly made the time to respond so thank you very much for that. I think I followed Opus 17’s  instructions below to the letter but after trying to reinstall Turbotax once again, I am still getting the same error message. I clicked on the download link from the Costco email with the Software Activation Keys and it downloaded the .dmg file. A box opens up showing an icon for Turbotax with a “drag this to the applications folder” which I did. Turbotax 2025 shows up in Applications. I went into my downloads folder on the Mac, found the Turbotax.dmg file and deleted it. I then emptied my trash. Went back to applications and clicked on the Turbotax 2025 icon and after a few seconds, I get exactly the same message as previously “TurboTax is on a read-only volume. TurboTax can't be updated when it's running from a read-only volume like a disk image or an optical drive. Move TurboTax to your Applications folder and relaunch it from there". Thank you.   Turbotax install fails on my Macbook, message says read only file I  just purchased Turbotax 2025 premier for Mac (MacOs Tahoe 26.1) & received the software activation key from Costco. I downloaded the .dmg file and moved it to my applications folder but when I try to open Turbotax from applications as the instructions state, I get a message that says" TurboTax is on a read-only volume. TurboTax can't be updated when it's running from a read-only volume like a disk image or an optical drive. Move TurboTax to your Applications folder and relaunch it from there". I have used Turbotax since 2015 on my various Macbooks but this is the first time I'm getting a message like this. I have reinstalled it 3 times and also rebooted my Mac multiple times. Any help would be appreciated. Thank you.  posted yesterday last updated ‎November 12, 2025 7:57 PM  1    175  Opus 17 Level 15 After you copy the program from the disk image to the applications folder on your hard drive, you have to drag the image (virtual disk) into the trash to unmount it.  The Mac is seeing 2 copies of the program (one on your hard drive and one on the virtual drive) and is trying to open the wrong copy.  4 hours ago
It is too late to use online TurboTax now.   The system is in transition to 2025.  If you began a 2024 return online, you can only finish preparing it now by using the downloaded desktop software on ... See more...
It is too late to use online TurboTax now.   The system is in transition to 2025.  If you began a 2024 return online, you can only finish preparing it now by using the downloaded desktop software on a full PC or Mac, and the return will have to be filed by mail.    You will be able to access the 2024 return you started by using the exact same account and user ID that you used when you started it.   But you can no longer use online software for any further changes.     Online tax preparation and e-filing for 2024  returns is now permanently closed.  The system is in transition from 2024 to 2025.    Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2024 return, you now have to complete it using desktop software, which you must download to a full PC or Mac  (not to a mobile device).Then you need to print, sign and mail it.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe   If you already paid for your online software you can ask customer support for a download of the desktop software.   They are available from 5 a.m. to 5 p.m. Pacific time Monday - Friday   https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number     If you are getting a refund, there is no penalty for filing late.  If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe.  Only the IRS will calculate this—TurboTax will not calculate it.     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.      
@billhanse1949   Did you get charged?  Did you get an email with the  16digit License Code?     Where to find the License Code https://ttlc.intuit.com/community/tax-topics/help/i-can-t-find-my-lic... See more...
@billhanse1949   Did you get charged?  Did you get an email with the  16digit License Code?     Where to find the License Code https://ttlc.intuit.com/community/tax-topics/help/i-can-t-find-my-license-code/01/852973 How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US?uid=luqgvzrd If you are having trouble going to installturbotax.com, you can go here to start the download https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax   2024 & 2025 Turbo Tax Desktop Download System Requirements. For 2025 you will need Windows 11 or later or Mac OS Sonoma 14 or later (newer). Click on the 2025 tab at the top. https://turbotax.intuit.com/personal-taxes/cd-download/tta-system-requirements            
Once you convert from an IRA to a Roth you can’t take it back. You also can’t return or contribute a RMD to a retirement fund. 
To claim an adult parent as a dependent, they do not need to live with you, but you must provide more than half their total support (including housing, food, clothing, medical and travel expenses).  ... See more...
To claim an adult parent as a dependent, they do not need to live with you, but you must provide more than half their total support (including housing, food, clothing, medical and travel expenses).     If she lived with you, then in addition to cash support you could count a portion of your rent or mortgage, utilities, and other housing costs as support you provide to her, and then you add everything up and see whether you provide more or less than half her support.   But based on the facts as you state them, you can't claim her as a dependent.